Capital One Financial agree to buy Discover Financial Services; Hometown Financial Group to buy North Shore Bancorp.
Browsing: Mergers and acquisitions
A proposed bill in the House would require the Federal Reserve to act on merger applications within 90 days of receiving the requests.
Banks in Minnesota, Illinois, North Carolina and South Carolina announce planned mergers.
Southern California Bancorp in San Diego and National Bankshares in Virginia both announced plans to purchase other banks.
The OCC proposed a new rule to end the time limit for automatic approvals of mergers of the banks that it supervises.
The $2 billion-asset Princeton Bancorp in New Jersey said in a press release that it has agreed to buy the $321 million-asset Cornerstone Financial in Mount Laurel, New Jersey, for $17.9 million, subject to adjustment.
FirstSun Capital Bancorp in Denver has agreed to buy HomeStreet in Seattle. Forward Bank in Marshfield, Wisconsin, has agreed to buy Lake City Federal Bank in Lake City, Minnesota.
AmeriNational Community Services in Albert Lea, Minnesota, has applied to buy Northwest Bancorp. of Illinois; Orrstown Financial Services has agreed to buy Codorus Valley Bancorp in York, Pennsylvania.
Gorham Savings Bank in Maine and Maine Community Bank in Biddeford, Maine, have agreed to merge.
First Western Bank & Trust in Minot, North Dakota, bought State Bank of Lismore in Minnesota; LCNB in Lebanon, Ohio, will buy Eagle Financial Bancorp in Cincinnati; and WaFd in Seattle and Luther Burbank in Santa Rosa, California, have extended their merger deadline.